A CBS News investigation shows how China secretly purchases oil from Iran, in violation of U.S. sanctions, using what officials call a "dark fleet" of oil tankers. Anna Coren reports.
Breakdown
- China uses a 'dark fleet' of tankers to secretly purchase Iranian oil in violation of U.S. sanctions.
- Ship-to-ship oil transfers occur in international waters off the coast of Malaysia. 13s
- The U.S. Treasury Department has announced new sanctions targeting Iran's dark fleet. 16s
- China is estimated to buy 90 percent of Iran's oil, with transfers observed in the Real Archipelago. 1m 18s
- A U.S. Congress report estimates these transfers have generated up to $70 billion for Iran. 1m 57s